Sunday, August 15, 2010

PEU's Follow USAID to Sri Lanka

Uncle Sam is creating 3,000 high tech jobs in Sri Lanka and supporting growth in the following industries.

High tech - Java programming
Business process outsourcing
Dairy (Land O'Lakes)
Horticulture (Hayleys)

I pondered which private equity underwriters (PEU's) would line up for government support? The SundayTimes answered.

Sri Lanka's Board of Investment will host a conference for potential investors:

The Board of Investment (BOI) is holding a mega 3-day investment conference next month for about 15 multinational fund manager and equity firms, in a move to promote Sri Lanka as an investment destination, BOI sources said. “We will be holding this conference from September 20-22 and it will be one of the massive investment promotion drives of the BOI for this year,” a BOI official told the Business Times.

He said that some of the firms slated to come are Actis, Apollo Management LLP, Cordiant Capital, Carlyle Group, General Atlantic, T A Associates, Silverlake, etc.

Will the BOI promote USAID funded opportunities?